Nieuws en info hier plaatsen (deel 4)

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Yunnan Coal & Energy Selects Paul Wurth for Coke Technology

China-based company principally engaged in the production and sales of coke and coal chemical products Yunnan Coal & Energy Co Ltd has selected SMS group Paul Wurth for its new Coke Making Plant in Yunnan province, in the southwest of the People’s Republic of China. Paul Wurth has been contracted to supply engineering services for two top-charged coke oven batteries, comprising 67 ovens each with an oven height of 7.6 m. The new coke oven plant will have capacity of 2 million tonnes of coke per year and the start-up of the plant is expected in the second or third quarter of 2022.

The project, carried out together with SDM, with whom Paul Wurth has a cooperation agreement for top and stamp-charged battery projects will feature the latest well-proven Paul Wurth Jumbo oven design. Being acknowledged by many coke plant operators worldwide, this technology of large-sized coke oven batteries now enters the Chinese coke industry as the most appropriate solution in terms of cost-saving and low emissions. This is an additional market breakthrough for Paul Wurth, whose advanced and environmentally friendly coke oven technologies are well appreciated by Chinese customers and perfectly comply with the relevant Environmental Impact Assessment Regulations imposed by the Chinese government.

Source - Strategic Research Institute
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AIM to Buy Liberty Iron & Metal's Assets in USA

American Iron & Metal Recycling Group has agreed to purchase the US assets of Liberty Iron & Metal Inc. AIM will pay Liberty USD 17.3 million for its assets, USD 2.5 million for inventory and USD 12.7 million for four properties. Liberty has a location in Erie in Pennsylvania and two in Phoenix in Arizona. Also included in the sale is a yard the company operated in Buffalo in New York under the name DHS.

Liberty was founded in 1932 and is a wholly owned subsidiary of Chiho Environmental Group Ltd. The company has a location in Chihuahua in Mexico as well, but that location was not included in the disclosure.

AIM is a Canadian business founded in 1936 in Montreal with over 3,000 employees and 90 locations globally.

Source - Strategic Research Institute
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Libya Prime Minister Stops Production at Libyan Iron & Steel Co

Libya Herald reported that Libya’s Prime Minister Mr Abd Alhamid Aldabaiba has ordered Libya’s Iron and Steel Company to cease production to save 150 MW of electricity. He ordered that Libya’s Misrata-based Iron and Steel Company cease production in order to inject the 150 MW it consumes into the national network.

The move comes as Libya has witnessed extremely high summer temperatures over the last two weeks (high 30’s to mid-40’s centigrade) which have led to increased power cuts. T As is the usual case with lengthy power cuts, it has had knock-on effects on mobile phones, internet and petrol supplies. Queues have started forming at some Tripoli petrol stations as a result of the lack of electricity to power their fuel pumps. he increased power cuts have led to a rise in criticism of the Prime Minister, who it will be recalled had vowed to solve the power cuts problem.

Source - Strategic Research Institute
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Gonvarri’s Solar Steel to Supply TracSmarT+ to Iberdrola Solar

Spanish Gonvarri Industries industrial division Solar Steel will supply 100MWp of its single axis tracker TracSmart+ 1V to Iberdrola for two PV projects located in Burgos and Salamanca in Spain. Both solar plants will generate enough electricity to supply about 49,000 households boosting the local employment generation in Castilla y Leon.

Solar Steel has 1GW+ backlog of its TracSmarT+ 1V tracker and an existing 12GW+ global track record.

Gonvarri Solar Steel belongs to Gonvarri Industries, a large industrial group, oriented to a full service in steel service centers, material handling, precision tubes and metal structures. Gonvarri Solar Steel designs, supplies and installs solar trackers and fixed tilt structures for the PV market, with top-notch solutions and the highest quality standards which positions the company among the worldwide leaders in track record and installed base.

Source - Strategic Research Institute
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New Jersey Bill Mandates US Domestic Steel for State Projects

New Jersy Globe reported that New Jersey Governor Mr Phil Murphy signed into law a bill requiring the state government to procure steel and iron products used for permanent constructions from firms in America or its territories. Senate President Steve Sweeney (D-West Deptford) said “Requiring the purchase of American-made goods for public contracts is good economic sense. We have an obligation to use public funds in ways that help both our workers and our businesses. This is part of a national movement in support of American jobs that will help revitalize infrastructure across the state and bolster the strength of our manufacturing industries.”

This bill, designated as the “New Jersey Buy American Act,” requires all contracts over usd 1 million in value and made and awarded by a “State contracting agency,” as that term is defined in the bill, for the construction, reconstruction, alteration, repair, maintenance, or improvement of any surface highway or bridge, to contain a provision that any iron or steel product used or supplied in the performance of the contract, or any subcontract thereto, and permanently incorporated into a surface highway or bridge, is to be produced or made in whole or substantial part in the United States, its territories, or possessions.

The bill contains exceptions that allow non-American steel to be used if using domestic products would not serve the public interest, result in a loss of federal funds or in cases of emergent need. There are also exceptions for supply shortages, lengthy delays, certain trade treaties, projects that began before the bill’s June 24 enactment and where using domestic products would bump overall costs by more than 25%.

The legislation comes after President Joe Biden issued a January executive order that increased the prices at which federal agencies could purchase goods from US suppliers and strengthened other domestic preferences.

Source - Strategic Research Institute
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Substandard Steel Rebars Confisticated in Lagos in Nigeria

News Agency of Nigeria reported that the Standards Organisation of Nigeria in collaboration with the Iron Rod Distributors Association of Nigeria has seized substandard iron rods worth NGN 15 million. IRDAN President-General Mr Gbenga Awoyale said “SON sealed a company in Alimosho area of Lagos that stocked substandard iron rods following hint from IRDAN. The substandard rods were supplied by African Steel Nigeria Ltd. The owner of the iron rod ran away. We sealed the place and went with one rod for further testing and as an evidence. The substandard iron will be taken to SON factory to be remelted and be used to produce standard ones.”

He added ”The DG of SON earlier this year had a meeting with us and with the manufacturers of iron, that they don’t want substandard products again as buildings and bridges are collapsing.”

Source - Strategic Research Institute
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PALSP Rejects Allegations ofSelling Steel Bars at Exorbitant Rates

Business Recorder reported that Pakistan Association of Large Steel Producers have strongly rejected the erroneous impression that the steel industry is selling bars at exorbitant rates. The association explained that during the last and current fiscal year, international as well as domestic market remained highly volatile and major fluctuations in prices of steel products were witnessed due to a confluence of factors such as commodities super cycle, massive infrastructure spending by leading economies to boost their indigenous economies coupled with shortage of supply due to the adverse effects of COVID19 on a strained supply chain. Owing to an evident inflationary commodities super cycle as mentioned by a report from JP Morgan, erratic out of control prices of raw material and finished products in international market were witnessed. The prices of Steel Scrap in the international market have almost doubled in a single year from

June 2020 to June 2021. The continuous increasing trend was observed in international prices of steel products as well. The average monthly price of steel scrap as per London Metal Exchange in June 2020 was USD 260, whereas the latest price for the month of June 2021 is USD 515. Similarly, prices of Steel Rebar as per LME last year was USD 420, whereas in June 2021 FOB prices are Turkey USD 770, China USD 898, CIS USD 780. Evidently, comparing prices with leading steel manufacturing nations, the local steel rebar prices being sold are still at 24% discount to US domestic prices and approximately 17% to 15% less, than Turkey and China, respectively.

Whereas it is observed that the current local steel manufacturers are selling bars today at prices of PKR 150,500 including 17% Sales Tax, equating to USD 950 (i.e 17% cheaper than Turkish rebar). Despite facing losses and operating at very low margins, the surge in international prices of raw material leaves no option for local steel manufacturers to pass on costs to the consumer.


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Source - Strategic Research Institute
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Metalloinvest Announces Intragroup Structure Optimisation

Leading Russian iron ore, HBI & steel producer Metalloinvest has announced an optimised ownership structure of its operating assets. As a result of a number of intragroup transactions, Holding Company Metalloinvest will gain direct control of Andrey Varichev Mikhailovsky GOK. Therefore, Metalloinvest will directly own both mining enterprises, Lebedinsky GOK and Mikhailovsky GOK. Holding Company Metalloinvest will control the steel segment enterprises through the GOKs. Lebedinsky GOK will directly own Alexey Ugarov OEMK, while Mikhailovsky GOK will remain the sole shareholder of Ural Steel.

Metalloinvest CEO Mr Nazim Efendievsaid "We are aligning our organisational structure with the sustainable operational and financial relationships between our enterprises. Lebedinsky GOK and OEMK practically operate in a single production chain, while Mikhailovsky GOK supplies Ural Steel with iron ore raw materials. The streamlined organisational structure will improve the efficiency of business processes and management of production flows."

Source - Strategic Research Institute
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EUROFER Analysis of EU Steel Scrap Market in 2020

Eurofer’s Director Market Analysis & Economic Studies Mr Alessandro Sciamarelli and Senior Manager Circular Economy & Raw Materials Ms Aurelio Braconi has highlighted the market condition, supply & demand and consumption of steel scarp in Europe in 2020 for 2020 in EUROFER’s Annual Report. They wrote “Ferrous scrap prices plunged in the first quarter as the COVID-19 pandemic halted downstream sectors. In general, the scrap demand by mills was sapped by multiple countries suspending downstream construction and manufacturing activities, creating further uncertainties for the next quarter. In particular, container and bulk scrap prices came under pressure immediately in the New Year, coming off high price levels in December 2019, also due to geopolitical tensions in Turkey and a weak rebar market. The escalation of the COVID-19 pandemic globally in March led to even more stringent responses in European and Asian regions, with lockdowns imposed in key scrap markets, creating disruptions to manpower and logistics, pressuring thus steel prices. This market situation gave little incentive to collect scrap until prices rebounded. This shortage in collection was perceived by market participants as the only option for limiting the downside and giving some support to scrap prices. Moreover, the implementation of measures against the COVID-19 outbreak halted production in steel in many downstream sectors, such as in Europe and US, creating the shortages of pre-consumer scrap grades.”

The second quarter was characterised by the volatility in the market with scrap prices sharply fluctuating in the attempt to recover after the huge losses registered in the first quarter. The weakness of the steel demand in scrap-using regions led any price increment to succumb to market forces. Steel long product makers and, in general, Electric Arc Furnace producers also reported low second quarter figures, with demand slowing down and steel inventories growing. The return of Chinese demand for imported steel billets represented the backbone of the recovery for those EAF producers in East and South-East Asia, returning back to production, although not at pre-pandemic levels. This trend prevents scrap prices in the Asian market falling even further. Scrap collection was diversified on the basis of the anti-pandemic measures put in place in different countries and regions. For instance, scrap collection in key exporting regions, such the US and EU remained at low levels due to coronavirus related restrictions on movement, which paralysed activity at scrap yards. However, in other regions, such Russia, scrap collection and export trends were not so greatly impacted thanks to milder restrictions on businesses. The industrial disruptions in scrap exporting regions continued to put prime scrap flows under pressure, whose shortage impeded prices from falling further compared to old scrap.

The ferrous scrap registered a strong performance along the entire quarter, with scrap prices for Turkey, for instance, being substantially stronger in August and for most part of September. Scrap collectors and merchants were reported stockpiling ferrous scrap during the quarter and preparing the marketing strategy for the next one. Steel production in many regions was reported as being on a recovery trend, creating the conditions for stabilising and even possibly improving market conditions for ferrous scrap. Strong steel demand in China, and the regulations limiting scrap import in the country, continued to support the production of billets from scrap by EAF in South-East Asian countries, imported by China to mitigate high raw materials prices (iron ore). After the issues in the second quarter caused by the COVID- 19 outbreak in Asian regions, the containers market became stronger. Even in the third quarter containers’ prices continued to climb. The impact was mitigated by scrap procurers by securing cargoes with smaller volumes. US improved its domestic capacity utilisation rate and thus improved the domestic demand for ferrous scrap, making the supply of scrap material to Asia tighter towards the end of the quarter. High collection prices reported in EU and US, strong iron ore prices, and firm domestic demand competing against the export market generated a bullish sentiment in the market at the end of the quarter.

The fourth quarter showed an exceptionally strong scrap market, where ferrous scrap pricing level outpaced January levels in the first quarter and paved the way to a very strong first quarter of 2021. Demand was reported as being very strong in all scrap using markets, such Turkey, United Stated, EU and Asia. This trend occurred because of improved market conditions for steel finished products. The stability of export markets for larger scrap exporters helped in stabilising the upper trend. Turkey was highly active in the market, but US and Baltic exporters were reportedly less active or not giving offers. This was especially true for US scrap traders and merchants because of very strong domestic demand. Due to the restart of downstream industrial production, the supply of prime grades became less problematic while the availability of old and demolition scrap grades showed signs of tightness. In fact, the usual seasonal factors at the end of the year reduced the collected scrap inflows, supporting even further higher prices. A very strong and sustained general recovery in steel production led demand for ferrous scrap to increase enormously. Moreover, some European scrap dealers reported that the scrap supply was not immediately growing as scrap collectors withheld some material in anticipation of expected price peak between the end of 2020 and beginning of 2021.

The HMS 1&2 (80:20) index CFR Turkey began the year around $290 per tonne, bottomed at around $240 per tonne in April and then increased to around $420 per ton in December.

Source - Strategic Research Institute
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Tenaris Delivers Line Pipe to Ecuadorian Jungle in 56 days

Tenaris has executed multimodal logistics to move 2,256 tons of line pipe from Italy to Ecuador. For customer Petroamazonas operations in eastern Ecuador, Tenaris moved 852 numbers of 24 inch seamless pipes across oceans, through rivers and on land. Tenaris took those 40 weeks to produce and coat the line pipe while planning the shipments. The pipes were sent from Dalmine in Italy to Houston in Texas and later shipped to Guayaquil in Ecuador, a journey that took 45 days and covered nearly 12,000 kilometers. Once the line pipe arrived in Guayaquil, internal transport logistics were deployed, which consisted mainly of land transportation to Puerto Providencia. The pipes then went through the Napo River by barges loaded with four to six trucks each to the Tiputini Process Center. The first group of pipes were dispatched and arrived in May with final delivery projected end of June.

The order, manufactured at Tenaris’s mill in Dalmine in Italy will be used in a multiphase flow pipeline project in the largest oil reserve in the country. Petroamazonas chose Tenaris for the supply of line pipe for the quality of its products and the company’s logistics solutions, guaranteeing delivery, in 40 weeks’ time, to the required location.

Source - Strategic Research Institute
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Euro Corporation Fined in Steel Mesh Case in New Zealand

Fuseworks Media reported that Euro Corporation Limited has been fined NZD 361,000 for making false or misleading and unsubstantiated representations relating to its earthquake grade steel mesh products, known as SE615. Auckland District Court Judge M-E Sharp sentenced Euro on 14 charges brought by the Commerce Commission under the Fair Trading Act. Euro pleaded guilty to making false or misleading and unsubstantiated representations for its SE615 steel mesh products which it marketed and sold as being earthquake grade steel mesh (known in the industry as 500E grade) between January 2012 and August 2015.

Euro is the final company to be sentenced as a result of a series of investigations into steel mesh the Commission carried out in 2015 and 2016.

Euro both manufactured SE615 steel mesh in New Zealand and imported it from overseas. The company failed to comply with the testing procedures set out in the Australian/New Zealand Standard (AS/NZS 4671:2001) for reinforcing steel when testing locally made steel. This meant that the product could not be described as being 500E. Euro also did not have reasonable grounds to make representations that SE615 mesh it imported was 500E grade. In addition, Euro represented that all of its batches of SE615 mesh had been independently tested and certified when that was not the case. The charges relate to approximately 137,900 sheets of locally manufactured SE615 mesh and 104,900 sheets of imported SE615 mesh.

Formed in 1997, Euro Corporation is a New Zealand owned and operated company, and is divided into three main business units - Reinforcing Steel, Wire Fencing and Nail products.

Source - Strategic Research Institute
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Interpipe to Deliver Locomotive Wheels to Mauritania

The Ukrainian industrial company Interpipe is expanding its presence in the export markets. Interpipe signed a 3-year contract with Société Nationale Industrielle et Minière in Mauritania for supplying of 1,076 mm locomotive wheels according to the AAR standard.

SNIM is the only owner of 704 km railway infrastructure in Mauritania and is mainly operates large-scale freight transport. The railway line connects the city of Zouérat, the center of country's iron ore industry, with the port of Nouadhibou. The length of a single rolling stock consisting 200 wagons may be up to 2.5 km, so 2-4 locomotives are usually used at the head of the railway train.

Interpipe is global producer of steel pipes and railway wheels, based in Ukraine.

Source - Strategic Research Institute
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Mining Occurs Close to Protected Lands Worldwide

Around 50% of global metal ore mining has been found take place less than 20km from protected territories, with 123 active mining sites found within these protected areas, new research from Vienna University of Economics and Business WU Vienna has found. The study, undertaken by Sebastian Luckeneder, Stefan Giljum and Victor Maus, all from WU Vienna’s Institute for Ecological Economics, also found that 79% of worldwide metal mining in 2019 took place in five of the six most species-rich biomes, in other words, five of the six most biodiverse areas on the planet.

In undertaking the research, Luckeneder, Giljum and Maus used data from around 3000 mining sites active worldwide between 2000 and 2019 to analyse both the geographical distribution and rate of activity. The study revealed that the rapidly expanding mining sector continues to exert pressure on ecosystems recognised as vulnerable, and that there is a significantly skewed distribution in terms of extraction volumes. For example, the researchers found that, since 2000, mining volumes in tropical forest environments have doubled.

Alarmingly, the study revealed that 90% of all considered mining sites were locations reported to have below-average water availability, with extensive copper and gold mining taking place in regions with particularly scarce water resources.

It’s with these findings in mind that the researchers insist this study has significant implications for policymakers and business globally. Demand for metal ores will further increase in the future, for example, to provide the raw materials for the renewable energy transition. The study’s results call for industries to invest further into environmental management processes and impact mitigation systems. Governments also need to critically review and reform national environmental regulations, in order to minimise global environmental impacts of the growing demand for the planet’s natural resources.

Source - Strategic Research Institute
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Vestas to Supply Turbines for ArcelorMittal Wind Farm in Belgium

Vestas has received a 35 MW order to supply turbines to two projects being developed for corporate heavy industry in Belgium, including providing renewable power for steel production. The two projects are being developed by Storm, a Belgian wind farm developer and owner-operator, and are both located in the industrial harbour of Ghent Belgium. Storm is developing the 31 MW ArcelorMittal Wind Farm, which will comprise of three V162-6.0 MW EnVentus turbines, two V150-4.2 MW turbines operating at 4.3 MW power mode, and one V150-4.2 MW turbine. The three EnVentus turbines are the first to be installed in Belgium, and will be the largest turbines installed onshore in Belgium. They will be built subsidy-free on the basis of a 20-year corporate PPA with ArcelorMittal.

The ArcelorMittal Wind Farm will be powering the ArcelorMittal steel manufacturing plant in Ghent, providing the electricity for steel production. The turbines will also be equipped with Vestas’ Anti-Icing System, enhancing performance by improving power production in cold climate conditions.

At a separate project, the 4.2 MW Honda Gent Wind Farm, which is also being developed by Storm, Vestas will deliver one V136-4.2 MW turbine. The power from this project will be used by Honda Motor Europe’s logistics centre in Ghent.

Vestas will supply, install, and commission turbines at both sites. At both sites, Vestas will provide service through long-term 20-year Active Output Management 4000 (AOM 4000) service agreements, providing power performance certainty and Vestas’ industry-leading service expertise throughout the lifetime of the projects.

Turbine deliveries are expected to begin in the fourth quarter of 2021, while commissioning of both projects is planned for the second quarter of 2022.

Source - Strategic Research Institute
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Tata Steel Delivered Strong Performance in FY 2020-21

Tata Steel in Annual report for 2020-21 said that “The COVID-19 outbreak towards the end of FY 2019-20 brought economic activities to a near-standstill in the first half of FY 2020-21. Restrictions imposed on movement of people and business activities to contain the spread resulted in the contraction of global GOP in 2020. Since then, the global economy has been recovering, driven by fiscal stimulus and accommodative monetary policies, followed by good progress in vaccination. Despite the challenges, uncertainties and complexities due to the pandemic, Tata Steel Group delivered a strong performance in FY 2020-21. Consolidated steel production was at 28.54 million tonne while total deliveries stood at 28.50 million tonne, marginally below that of the previous year. Our consolidated revenues increased by 5% to INR 156,294 crores driven by strong underlying performance of our India operations and improved performance of our European operations.”

Tata Steel said “In India, despite a slow start in the first quarter of FY 2020-21, we delivered a strong performance for the year. Our business decisions during the year pivoted around cash flows and internal fund generations. Hence balancing of sales between domestic and export markets supported by an agile supply Cham was crucial for our success in the first half, while the second half witnessed a strong economic recovery. Most of the steel consuming sectors rebounded with support from government spending, pent-up demand and easing liquidity. Our India operations, which include Tata Steel BSL and Tata Steel Long Products, generated revenues of INR 91,037 crore, up 11% YoY. The EBITDA margin of the India business was around 31.4% and that of Tata Steel (standalone) was 33.8% which demonstrates the strength of the business. Overall, we achieved a consolidated EBITDA of INR 30,892 crore driven by multiple factors including improved market environment, a better product mix, continued cost takeout programmes and benefits derived through operational and financial efficiency. In FY 2020-21, consolidated profit after tax for Tata Steel Group stood at INR 8,190 crore, significantly above 1,172 crore reported a year ago. The increase was mainly due to a significant improvement m the underlying business performance resulting in a robust level of earnings for the year.”

Source - Strategic Research Institute
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Germany Adopts Climate Protection Emergency Program 2022

The German government has adopted Climate Protection Emergency Program 2022 worth eight billion euros to help the country achieve its new climate targets. German Minister of Finance Mr Olaf Scholz said “This is money well invested, because man-made climate change is the greatest challenge of our time. The 2020s would be the decade of transformations.”

Germany seeks to become climate neutral by 2045, five years earlier than previously planned. The original target for greenhouse gas emission cuts by 2030 has been increased from 55% to 65%compared to 1990 levels. Federal Ministry of Finance BMF said “In order to achieve the ambitious climate targets” specific and comprehensive actions are necessary with a focus on short-term measures that “visibly and measurably reduce greenhouse gas emissions. With 5.5 billion euros, the energy-efficient refurbishment of residential buildings and the climate-friendly new construction or refurbishment of social housing would be promoted until 2025. At the same time, the minimum energy standards for new buildings would be raised. Around 1.07 billion euros would be invested in the transport sector.”

In the past two years, the German government has already invested more than 80 billion euros as part of its climate protection and economic stimulus programs.

The German steel industry has called for further support and policy after the Climate Protection Emergency Program 2022 and for the program to widen its scope to other material alternatives.

Source - Strategic Research Institute
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NLMK Starts Construction of CRGO Steel Plant in India

NLMK Group has commenced the installation of metal structures for a new grain-oriented steel plant in the Maharashtra state of India. Main process equipment is currently being delivered to the site. The end of construction and the start of equipment installation are scheduled for late 2021, with commissioning works and the launch of production planned for the first half of 2022. The plant will produce premium grain-oriented steels. NLMK will localize its final transformation stages in India: applying electrically insulated coating, straightening by annealing, cutting, and laser treatment of finished products. The plant’s capacity will total 64,000 tonnes of grain-oriented steel per year. Investment is estimated at USD 100-150 million.

The launch of captive production will enable the Company to substantially expand its presence on the Indian market, where NLMK Group currently has a 25% share in the grain-oriented steel segment

NLMK Group’s fully owned subsidiary NLMK India is involved in sales and distribution of Electrical Steel CRGO and CRNGO and Plates. Its CRGO steel processing centre is located at Daman, where it has capacity to process more than 40KT of laminations annually. NLMK is also specializing in supplying solutions for the Plate Industry. The material for the same is sourced from our state of the art mills in Europe (NLMK Clabecq, Dan Steel and NLMK Verona).

Source - Strategic Research Institute
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Taiwan Steel Association Seeks Talks on Section 232 Tariffs in US

CNA reported that Taiwan Steel and Iron Industries Association has urged the government to try to negotiate lower tariffs for Taiwanese steel products with the United States during Taiwan-US trade and investment talks, but it i not clear if its appeal was heard. Taiwan Steel and Iron Industries Association President & China Steel Corp Chairman Mr Wong Chao-tung has urged the government to push for a reduction in tariff surcharges for Taiwan-made products, especially cold-rolled and coated steel, that the US imposed on steel imports from around the world. He said “The tariffs have had a great impact on Taiwan's steel manufacturers and that steel shipments from Taiwan to the US had decreased year by year.”

He was referring to an additional 25% tariff on steel imports that the U.S. has imposed on almost all countries since 2018 after former US President Donald Trump signed an order under Section 232 of the Trade Expansion Act of 1962 over national security concerns. Taiwan exported USD 850 million worth of steel products that were affected by the Section 232 tariffs to the US in 2019, down 28.4% compared to the previous year.

Source - Strategic Research Institute
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Australian HILT CRC Signals Cleaner Future for Australian Industry

Australia’s leading companies in the heavy industrial sector will embark on a program that will enable a step-change in the rate at which they transition toward zero net-carbon emissions through the Heavy Industry Low-carbon Transition Cooperative Research Centre, HILT CRC. The HILT CRC has been awarded UD 39 million in cash support over 10 years from the Australian Government to unlock more than AUD 175 million investments from its partners which are located around the country, and fund the leading collaborative venture between heavy industry, government and researchers, who will accelerate this transition.

The HILT CRC brings together many of Australia’s leading researchers in this field, drawn from the University of Adelaide, which led the bid, together with the Australian National University, CSIRO, Curtin University, University of Newcastle, Swinburne University, Queensland University of Technology and international partners Arizona State University, German Aerospace, MINTEK and the University of Canterbury.

The 57 partners in the CRC will grow one of Australia’s most important industrial sectors, which generates around AUD 180 billion per annum or 9 per cent of the Australian economy, and is a major regional employer.

The CRC plans to work collaboratively with industry in regional Australia where the transformational research will be applied. It will be head-quartered in Adelaide, with hubs in Gladstone, the Pilbara, Northern Tasmania, the Upper Spencer Gulf in SA, the Kwinana and South West region in WA, the Southern Highlands of NSW and the Portland region of Victoria: all areas where heavy industry operates.

The uptake of low-carbon technologies will help meet the Australian Government’s obligations to the United Nations Paris Agreement.

The CRC partners will work together to reduce heavy industry’s CO2 emissions which currently account for some 20 per cent of Australia’s total output. The industrial sector globally accounts for 32 per cent of all CO2 emissions, of which approximately half are from the heavy industrial sector.

Source - Strategic Research Institute
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PSEB Recommends Mr Atul Bhat as Next CMD of RINL

Public Enterprises Selection Board announced on 25 June 2021 that it has recommended MECON Limited’s CMD Mr Atul Bhat for the post of Chairman and Managing Director of Rashtriya Ispat Nigam Limited. The Department of Personnel and Training through the Public Enterprises Selection Board had shortlisted RINL Director Operations Mr Ajit Kumar Saxena and MECON Limited’s CMD Mr Atul Bhat for the top post. The post of RINL CMD fell vacant following the retirement of PK Rath on May 31. At present Director Personnel Mr KC Das has been asked to hold the additional charge of CMD post

Public Enterprises Selection Board also announced on 30 June 2021 that it has recommended KIOCL Limited’s Director Commercial Mr T Saminathan for the post of Chairman and Managing Director of KIOCL Limited. In addition to Mr Saminathan, Executive Director, Steel Authority of India Ltd Mr Vishnu Kant Pandey & Hindustan Shipyard Limited’s Director F&C Mr SV Rambabu were shortlisted & interviewed.

Source - Strategic Research Institute
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